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The Week Ahead In The Markets

TedTed
in Fund Discussions
FYI: Stocks slumped last week, with the Dow posting its worst weekly performance in a decade and the Nasdaq descending into a bear market.

The S&P 500 ended the week down 7%, while the Dow fell 6.87%. The Nasdaq plunged 8.36% for the week and entered a bear market, lower by more than 20% from its August 29 high of 8,109.69 points.

After last week’s crushing performance, the major U.S. indices are on track to end the year firmly in the red. The S&P 500 and the Dow are each down more than 9% in 2018, while the Nasdaq is down more than 8%.

The final full calendar week of 2018 will be a short one for investors. The stock market will close early at 1 p.m. ET on Monday and will be completely closed on Tuesday in observance of Christmas.
Regards,
Ted
https://finance.yahoo.com/news/government-shutdown-know-week-ahead-201945078.html

Comments

  • TedTed
    b
  • AnnaAnna
    Well, look on the bright side. If deferred accounts are at their lows on 31 Dec, RMD withdrawals will be slightly down for 2019.
  • davidrmorandavidrmoran
    small beer unless not

    https://www.nytimes.com/2018/12/24/opinion/trump-economy-stock-market.html?
  • Derf
    @davidrmoran: Did you happen to read any of the comments from your link ? If not, check comment by Nancy. What is the value of the market!?
    Happy Holidays, Derf
  • hank
    Anna said:

    Well, look on the bright side. If deferred accounts are at their lows on 31 Dec, RMD withdrawals will be slightly down for 2019.

    Yeah - Gotta look at the bright side.

    Probably way too early, but Roth conversions are also useful for turning lemons into lemmonaid at some point in a bear market. Only if you’re young enough to wait out whatever carnage Mr. Market inflicts.
  • davidrmorandavidrmoran
    @Derf

    don't see any comment from her except quoting him, and I sure love his 'lathered in derp' locution

    yes, almost everything looks oversold, and if I had any cash I would be buying bigtime, not only CAPE and ARKK but PCI and now PDI
  • johnNjohnN
    Lost about >10% of my total portfolio .. What should I do now... Lol..

  • hank
    edited December 2018
    johnN said:

    Lost about >10% of my total portfolio .. What should I do now.

    John, that’s why it’s important to maintain a well-stocked liquor cabinet.

    While my funds are off almost 5% YTD, the half-dozen bottles of scotch whisky I stashed away last summer haven’t lost a dime in value.

  • davidrmorandavidrmoran
    consume!
  • johnNjohnN
    Drink lots eggnog and watch Xmas YouTube videos
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